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Under mounting pressure to make decisions and take steps to clarify cryptocurrency matters, the Indian government may soon shed some light on one of many unclear aspects – taxation. Local media have turned the spotlight on Budget 2018, but lots of titles end with question marks. The new financial frame is to be presented next … Read more
Benebit, one of this year’s most hyped ICOs, has pulled an exit scam, making off with a reported $2.7 million of investor funds. Other estimates put the figure as high as $4 million. The fraud only came to light after someone noticed that the team photos had been stolen from a school website. Once the … Read more
A Blockchain governance stack called ‘Velugu’ is set to become reality in the Indian state of Andhra Pradesh. #NEWS Go to Source Powered by WPeMatico
The Indian tax authority has sent notices to cryptocurrency investors after discovering that some crypto investments are not reflected on tax returns. The government conducted a survey of crypto trading at the country’s 9 exchanges and found that more than $3.5 billion worth of transactions were traded over a 17-month period. Also read: Despite Multiple Government … Read more
Bitcoin exchanges are under fire in India, as many of the nations top banks have suspended or greatly curtailed functionality on exchange accounts. #NEWS Go to Source Powered by WPeMatico
Despite repeated government warnings against crypto investing, a sizable majority of Indians feel optimistic about the future of cryptocurrencies. Just as many Indians, as Americans, 7%, admit they own bitcoin or an altcoin, according to a survey that covered 6 countries, including major markets. Indians are more optimistic, however – 68% believe that most people will … Read more
Why PricewaterhouseCoopers is barred from auditing listed companies in India. How Blockchain technology can reduce frauds as well as need for auditing resources. #EXPERT BLOG Go to Source Powered by WPeMatico
Bitcoin cash (BCH) adoption by cryptocurrency companies is continuing, offering new options for users. It has now been added by a hardware wallet to its software client as well as by two more exchanges in Asia for trading. Furthermore, over 4,500 merchants in India may soon be able to accept payments in BCH. Also … Read more
The world of Bitcoin mining has seen some big changes throughout the years. Hardware has evolved, as has the software used to optimize this hardware for mining purposes. The regions where Bitcoin and altcoin mining have boomed are also about to change in the near future. A lot of mining operations currently reside in China, … Read more
Members of the Indian crypto community have received offers to set up mining facilities after reports of potentially negative developments for miners in China. According to local media, businesses are already exploring such opportunities as India has some of the lowest electricity rates. Upcoming regulation, however, may put some hurdles on the track. Also read: … Read more